fiat money

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English[edit]

Noun[edit]

fiat money (countable and uncountable, plural fiat moneys or fiat monies)

  1. (banking, economics) A type of currency that is not backed by a precious metal, such as gold or silver, and is typically designated by the issuing government to be legal tender, and authorized by government regulation.
    Synonym: fiat currency

Translations[edit]